difine a budget line.when can it shift to the right?
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Budget line is a line which shows combinations of two goods that can be purchased by a consumer given his budget and the prices of Good 1 and Good 2. ... Budget line shifts to the right when price of both the goods (P, P) decreases.
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Budget line is a line which shows combinations of two goods that can be purchased by a consumer given his budget and the prices of Good 1 and Good 2.
Budget line shifts to the right when price of both the goods (P, P) decreases.
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